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Job Matching and the Returns to Educational Signals

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dc.creator Habermalz, Steffen
dc.date 2003
dc.date.accessioned 2013-10-16T07:10:45Z
dc.date.available 2013-10-16T07:10:45Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20480
dc.identifier ppn:360946518
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20480
dc.description This paper develops a multi-period model, in which workers are matched with jobs according to imperfect educational signals and in which their subsequent productivities depend on both their inherent ability and on the quality of the job match. It outlines a sequential process, in which underpaid employees reveal their true productivities and overpaid employees are detected by the firm until every match is perfect. The model produces a time path of the returns to educational signals that is concave, a feature that earlier studies used to dismiss educational signaling. Using a synthetic panel data set from the Current Population Survey the theoretical result is then substantiated empirically. The paper contributes to the literature by establishing the possibility of increasing returns to education over part of a workers life within the signaling framework theoretically and empirically.
dc.language eng
dc.relation IZA Discussion paper series 726
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J41
dc.subject I20
dc.subject D8
dc.subject ddc:330
dc.subject returns to education
dc.subject signaling
dc.subject job matching
dc.subject information
dc.subject Arbeitsangebot
dc.subject Arbeitsnachfrage
dc.subject Matching
dc.subject Bildungsertrag
dc.subject Signalling
dc.subject Zeitökonomik
dc.subject Schätzung
dc.subject Theorie
dc.subject Vereinigte Staaten
dc.title Job Matching and the Returns to Educational Signals
dc.type doc-type:workingPaper

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